Central Union Finance Minister Nirmala Sitharaman presented 2025-26 Union Budget in the parliament. Famous quotation from Gurajada mentioned at the starting of Budget Speech, i.e. ‘A country is not just soil, a country is its people’.
Budget mentioned Agriculture, MSME, Investment and Exports are the Engines of development. Budget aimed at achieve Vikasit Bharat with guiding spirit of inclusivity.
- No income tax for up to income 12.75 lacks with tax rebates.
- Grameen Credit Score framework to serve the credit needs of SHG members and people in rural areas.
- Revamped Central KYC registry to be rolled out in 2025.
- Rationalisation of requirements and procedures for speedy approval of company mergers
- FDI limit for the insurance sector will be raised from 74 to 100 per cent.
- New Income Tax Bill will be introduced to changes in direct taxes.
- 36 lifesaving drugs/medicines added in tax exempted list.
- Defence, Rural Developemnt, Home affairs and Agriculture are the top expenditure spending sectors.
- Budget Promises to limit the fiscal deficit to 4.4 percentage of GDP.
Rupee Comes From
Borrowing and Other Liabilities (24%)
Income Tax (22%)
GST & other taxes (18%)
Corporation tax (17%)
Non-Tax Receipts (9%)
Union Excise Duties (5%)
Customs (4%)
Non-Debt Capital Receipts (1%)
Rupee Goes To
Interest Payments (20%)
Central Sector Scheme (excluding capital outlay on Defence and Subsidy)(16%)
States’ share of Taxes and Duties (22%)
Centrally Sponsored Schemes(8%)
Finance Commission and other transfers (8%)
Defence(8%)
Pensions(4%)
